Brazil’s unemployment rate has reached its lowest level in a decade, dropping to 6.9% in the second quarter of June 2024. This marks a significant decline from the 7.9% recorded in the first quarter, driven …
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Fed Chair Powell Hints at Rate Cut: “More Good Data” Needed for Easing Monetary Policy
Fed Chair Jerome Powell signaled a potential shift in monetary policy on Tuesday, suggesting that “more good data” would strengthen the case for interest rate cuts. While inflation remains above the Fed’s 2% target, recent …
Continue readingSouth African Rand Strengthens as Dollar Weakens on Rate Cut Hopes
The South African Rand continued its upward trend against the US dollar on Friday, fueled by expectations of interest rate cuts by the Federal Reserve later this year. The Rand traded at 18.2250 against the …
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